The Ingredients Necessary for Trading Success
One of the better video online explaining how our financial system works. Definitely better than any nonsense from classic economic theories.
You can find the draft paper from http://www.economicprinciples.org/
Note: Bridgewater obvious found out the hard way that such video can bring down their website so they have uploaded the video to youtube now. I have fixed the link to point to youtube.
[DTBpromo]
Dr. Jem Bendell’s take on our financial system back in 2011.
As he mentioned in the video, the movement to ditch the money created by the bankers has started. It is something that cannot be reversed as government officials continue to work with the bankers instead of the people who elected them. When more and more people reduce the direct impact of money on their lives, the equivalent monetary activities will disappear and the multiplying effect will reverse.
As these movements gather more support over time, it is reasonable to expect the current financial industry will be wiped out from our future for good. Well, wipe out is a very scary term, so let’s say the financial industry will be reduced to insignificance in a not so distance future.
[DTBpromo]
This video is not one of those directly related to trading. Instead, it is a thought provoking video about our world and the current economic model.
As more people take the stand like Mark Boyle, a reasonable country would response by cutting down its spending and stop wasting because tax income from these people will never come back.
Yet we know the governments we have nowadays would instead spend more to see if they can stimulate the economy. Some may even take the extreme measures to suppress these movements by force. It is something very bad. All our governments should never try but they already started.
This moneyless movement is no difference from the Bitcoins movement in the eyes of the ruling class. Both refuse to follow the rules set out by the governments. Both can have profound effects in constraining the power of the governments. Both are dangerous ideas.
The worldwide financial landscape is changing rapidly as more people thinking about solutions to terminate the stronghold of the banksters. It does not matter that the governments are not doing their jobs to hold the bankers accountable. It will take only one idea to break the current financial system worldwide and force a complete reset of the world order.
[DTBpromo]
